SWEDEN - Sustainable Technology closes cleantech fund on EUR 58m

A dedicated cleantech fund, Sustainable Technologies targets growth capital investments in Nordic companies active in the renewable energy, energy efficiency, renewable materials and green chemicals sectors, as well as those involved in recycling and purification technologies. The fund aims to invest in a total of 12-15 companies over its lifespan, with allocations of EUR 2m to EUR 7m per business.

The vehicle attracted commitments from a range of international investors, as well as locally based LPS including the Sixths Swedish National Pension Fund (AP6) and the Third Swedish National Pension Fund (AP3).

Fund I LP was launched in January 2007 with a target size of EUR 50m to EUR 60m. It will have a life span of 8 years with a 2 year extension. Two investments have already been made to date: Swedbo Bioenergy in June 2007 and Suncore AB in June this year.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Venture
• Nordics